Paybase Ltd is an electronic money institution focused on providing flexible payments solutions. Paybase Ltd offers end-to-end e-money solution covering payments, compliance and risk, e-wallets, e-money infrastructure, configurable payment flows, PSD2 regulatory coverage, compliance framework including KYC and KYB, cryptocurrency exchange, integrated risk engine, escrow services to online marketplaces, gig economy platforms, sharing economy platforms, FinTech companies, cryptocurrency businesses. In 2018 Paybase Ltd had total assets of 2.71 mln GBP, Paybase Ltd generated net income of -1,475,245.00 GBP. Incorporated in the United Kingdom, Paybase Ltd is authorized and regulated by the Financial Conduct Authority.
Paybase offers the following operations with cryptocurrencies:
The infrastructure provided by Paybase allows cryptocurrency businesses to receive fiat money from their customers, which is then exchanged for crypto. The infrastructure also allows users of crypto businesses to withdraw their money to their bank account after the business has exchanged it for fiat currency (so-called fiat-cryptocurrency interoperability). However, Paybase itself is not a crypto platform, customers cannot buy crypto from Paybase.
Paybase Ltd is authorized by the Financial Conduct Authority (reference number 900524) for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance. The authorization was granted on 22 May 2018.
Due to EEA passport rules Paybase Ltd, can conduct its activities in any of the 31 EEA member states. Paybase Ltd do not participate in deposit guarantee schemes.